US EditionTesla’s Australian chair made $306 million as profits fell
- Robyn Denholm, Tesla's board chair since 2018, sold more than $530 million worth of Tesla stock through a prearranged plan starting in July 2024 amid a profit slump.
- Denholm began her trading plan soon after Elon Musk endorsed Donald Trump, which sparked a consumer backlash and contributed to Tesla's falling profits and stock price.
- She sold more than 1.4 million shares, mostly acquired through stock options awarded over several years prior to 2020, while retaining a smaller holding that includes approximately 85,000 shares and around 200,000 unexercised options.
- Tesla's quarterly profit fell 71% in early 2025 and its stock price dropped about 34% from its peak despite recent partial recovery, with Musk's political activities cited as a factor.
- Denholm's extensive share sales raised questions about her confidence and the board's independence amid investor criticism of oversight failures, though sales were legal and prearranged.
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Filings show Tesla insiders sold off stock
NEW YORK — The chair of Tesla sold more than $230 million of company stock since Elon Musk's endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging.
·Cherokee County, United States
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Associated Press News+3 Reposted by 3 other sources
The chair of Tesla sold stock worth $230 million while profits at Elon Musk's carmaker plunged
The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower.
·United States
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